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The theme for the thesis was generated during the author’s internship in a company aiming to enter the Russian markets and as well, on the interest how Russia’s WTO membership would affect its trade in general.

The objective of the thesis is to analyse Russia as a country in international markets and what have been the implications of Russia’s WTO membership after two years from the accession. The thesis also clarifies the World Trade Organization’s policies and procedures. The thesis uses academic literature and web publications for the study.

Russia’s WTO negotiations lasted for record-breakingly long. Although the WTO membership application process seemed to make Russia free its trade policies gradually more than before, upon and after accession, Russia has taken a variety of measures to protect its domestic industries against the WTO agreements dispelling most of the hopes of bringing predictability to trade and business operations in Russia. Additionally Russia’s economic growth has slowed down and it has great structural modernization and renewals ahead especially among the areas of economy, politics and society.

The WTO membership was estimated to bring GDP growth of approximately three per cent in short-term and 11 per cent in long-term for Russia in normal conditions. In the present situation where political conflicts affect the outcome, Russia is not expected to receive the estimated growth. Additionally it is more than likely that the benefits, obligations and responsibilities the WTO accession usually actualises are to be expected to appear in a longer than normal time span in the case of Russia.

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